TORONTO, ONTARIO -- (Marketwired) -- 07/02/13 -- Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE: NOT) is pleased to acknowledge the appointment of former Supreme Court Justice Frank Iacobucci as lead negotiator on behalf of the Province of Ontario in its discussions with Chiefs of the Matawa Tribal Council on resource development in the Ring of Fire.
"Mr. Iacobucci is a highly-respected and experienced negotiator who has worked successfully with First Nations communities in the past. We look forward to his counsel and collaboration as we move ahead on this very exciting opportunity for the region," stated Noront Chairman and Interim CEO Paul Parisotto. "Having the right conversations is essential for successful development in the Ring of Fire. We are eager to see a workable infrastructure solution that will allow us to bring our mine into production, and we have been collaborating with local First Nations throughout our own Environmental Assessment process to help make that happen."
Noront supports an East-West alternative approach to the planned North-South all-weather access route that had been proposed by Cliffs Natural Resources Inc. for its Ring of Fire chromite project. Cliffs temporarily suspended its Environmental Assessment earlier this month. The East-West alternative route balances First Nations objectives, the environment and job growth making it potentially attractive to all levels of government and local communities. It offers a great opportunity for the private sector, First Nations and governments to work together to ensure the Ring of Fire can be developed in a responsible and timely way.
Noront is in the final stage of its Environmental Assessment for their Eagles Nest Project and will submit an EA to government this fall.
Noront Resources Ltd. is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade Blackbird chromite deposit, both of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements
include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Noront Resources Ltd.
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